By Ghana News
Copyright ghanamma
One of the leaseholders of the CMB Abuja Market lands, Original Embossment has rejected claims that private developers are unlawfully attempting to seize the property, insisting that its 50-year lease is legitimate and backed by state authorities.
This comes on the back of protests by the traders and transport unions accusing developers of encroaching on the market.
These traders further petitioned the presidency over what they describe as a clear case of the rich displacing the poor.
In a statement issued by the company and sighted by GhanaWeb Business, Original Embossment stressed that the land belongs to the state through the Ghana Railway Development Authority (GRDA), under the Ministry of Transport, and has been lawfully leased to multiple entities.
The company cited parliamentary records from July 1, 2021, which listed 10 active leaseholders, including the Ghana Cocoa Board, National Investment Bank, and others, dismissing claims that the land had been leased to only one firm for residential development.
Management further revealed that traders who initially reported the matter to police failed to produce ownership documents during investigations, while the company presented verifiable state-issued leases.
Who owns CMB Abuja market land? – Zanetor questions
“If they truly had a legitimate claim to the land, why would they walk away from due process rather than prove their case before the police and courts?” it asked.
Original Embossment in the statement said it has extended goodwill to affected traders by offering ultramodern shops upon completion of development but warned against attempts to twist this gesture into a false narrative.
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